Problem 8-5A

Name: Muhammad Eka Satria Yudhana

Section: 143221154

Score: 100%

Key Code: [Key code here]

Instructions
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded.

1. BEELER FURNITURE COMPANY

Bank Reconciliation
June 30, 20--

Cash balance according to bank statement $ 13.624,71

Add: Deposit of June 30, not recorded by bank 1.117,74
Subtotal $ 14.742,45
Deduct outstanding checks:
No. 738 $ 251,40
No. 756 113,95
No. 758 259,60
No. 759 901,50 1.526,45
Adjusted balance $ 13.216,00

Cash balance according to company's records $ 10.145,50

Add: Proceeds of note collected by bank, including interest $ 3.710,00
Error in recording check 90,00 3.800,00
Subtotal $ 13.945,50
Deduct: Check returned due to insufficient funds $ 550,00
Error in recording June 10 deposit 100,00
Bank service charges 75,00
 Error in recording June 24 deposit 4,50 729,50
Adjusted balance $ 13.216,00

2.
Cash 3.800,00
Notes Receivable 3.500,00
Interest Revenue 210,00
Accounts Payable 90,00

Accounts Receivable 550,00

Sales 104,50
Miscellaneous Expense 75,00
Cash 729,50

3.
Amount to be reported as cash on the June 30 balance sheet $ 13.216,00

4.
The error of $540 ($930-$390) in the canceled check should be added to the "balance according to bank
statement" on the bank reconcilliation.